Queens Money Collector (By OrtwinRich)
The user has made his system private.
Queens Money Collector Discussion
Mar 23, 2015 at 03:19
my recommendation would be go as safe as possible
That is what i'm trying to figure out ,if i leave it like Otwrin says that is way too much risk . What do i put in the filed if i want only 1/10 th of the risk he has. can anybody tell me would it be 0.1 or 0.01 lot?
Mar 23, 2015 at 03:22
smahil posted:
my recommendation would be go as safe as possible
That is what i'm trying to figure out ,if i leave it like Otwrin says that is way too much risk . What do i put in the filed if i want only 1/10 th of the risk he has. can anybody tell me would it be 0.1 or 0.01 lot?
I haven't seen what he has done to the robot. I would start with .01 but he also has some scaling involved? can you post a screenshot of the EA options.
If it is the multiplier it will be a number like 1.5 more than likely.
also here is the link to what we think this robot is
https://www.myfxbook.com/members/NikX/ilan-reborn-qmc/1195146
We could be worng but it is very similar. The account is open for you all to compare trades
Mar 23, 2015 at 03:26
smahil posted:
According to him if i have 10,000 yen and he has 100,000 yen i should set my lot to 0.1 But i think that is wrong i think it should be 0.01 Can someone using this on a 10,000 account tell me what they have the Lot Scaling set too?
You are talking about scaling.. that is what they use as a copier. Not starting lot.. scaling lot
I thought this was stand alone now?
Mar 23, 2015 at 03:49
Lot scaling is used when a system is copying signals.. if the master account has 100,000 and your account has 100 000 then it will be 1 (1:1)
If like you said before you have 10K then scaling is .1 (multiple of)
This then means you are using a trade copier, or copying his trades. you do not have an EA doing all the work for you
If like you said before you have 10K then scaling is .1 (multiple of)
This then means you are using a trade copier, or copying his trades. you do not have an EA doing all the work for you
Mar 23, 2015 at 03:56
Yes this is trade copier. But the way he explains is very risky. see below.1. IMPORTANT Calculate the LotsScaling for the Robot input (and write it down).
Accounts with huge balance or Cent- and Yen Accounts
Just Divide Your Balance / Master Balance
For example:
Yours 50.000 Master 50.000; LotScaling = 1.0
Yours 100.000 Master 50.000; LotScaling = 2.0
Yours 25.000 Master 50.000; LotScaling = 0.5
Yours 70.000 Master 50.000; Lot Scaling = 1.4
When i set up as per these instruction on an 80,000 yen account the risk was way to much.
Accounts with huge balance or Cent- and Yen Accounts
Just Divide Your Balance / Master Balance
For example:
Yours 50.000 Master 50.000; LotScaling = 1.0
Yours 100.000 Master 50.000; LotScaling = 2.0
Yours 25.000 Master 50.000; LotScaling = 0.5
Yours 70.000 Master 50.000; Lot Scaling = 1.4
When i set up as per these instruction on an 80,000 yen account the risk was way to much.
Mar 23, 2015 at 04:01
smahil posted:
Yes this is trade copier. But the way he explains is very risky. see below.1. IMPORTANT Calculate the LotsScaling for the Robot input (and write it down).
Accounts with huge balance or Cent- and Yen Accounts
Just Divide Your Balance / Master Balance
For example:
Yours 50.000 Master 50.000; LotScaling = 1.0
Yours 100.000 Master 50.000; LotScaling = 2.0
Yours 25.000 Master 50.000; LotScaling = 0.5
Yours 70.000 Master 50.000; Lot Scaling = 1.4
When i set up as per these instruction on an 80,000 yen account the risk was way to much.
yes that doesnt allow for the fact you are trading in Yen.. personally i would convert master account to Yen and do calculation from there
Mar 23, 2015 at 04:19
smahil posted:
That is what i'm thinking to do. They way Ortwin say to do it is not safe at all.
Definitely scale down my friend and also make withdrawals of your profit every day into a non traded account. do this until you get back your investment.
Taking profit also will affect your scaling so you will need to adjust. Ortwin is riding this account until it pops.. he is making money on the subscriptions, not the traded account..
Mar 23, 2015 at 04:27
Thanks allot for your input i am definitely scaling down to the smallest point i can and test it on a 100 usd witch is 10,000 yen and using 0.01 lot scaling and see how it goes. But thanks once again, it good see people like you helping out its hard to trust all theses vendors.
Mar 23, 2015 at 04:34
smahil posted:
Thanks allot for your input i am definitely scaling down to the smallest point i can and test it on a 100 usd witch is 10,000 yen and using 0.01 lot scaling and see how it goes. But thanks once again, it good see people like you helping out its hard to trust all theses vendors.
have seen so many!! have been a victim myself.. hopefully we will all know exactly what this EA is soon.. someone always recognizes an ea
forex_trader_165856
Member Since Dec 03, 2013
631 posts
Mar 23, 2015 at 04:56
NikX posted:smahil posted:
Thanks allot for your input i am definitely scaling down to the smallest point i can and test it on a 100 usd witch is 10,000 yen and using 0.01 lot scaling and see how it goes. But thanks once again, it good see people like you helping out its hard to trust all theses vendors.
have seen so many!! have been a victim myself.. hopefully we will all know exactly what this EA is soon.. someone always recognizes an ea
Send me ilan 1.8 if you like and I'll check it out.
ilan1.6 dynamic was as easy as drag and drop to get same trading as QMC. Ilan1.6dynamic matched when using on M15 using all standard setting. I wasn't shocked at all after QMC denied using the https://www.forexpeacearmy.com/public/review/www.TarenForexEA.com system. - QMC denies using ilan, but its obvious when trading history goes private the next day. Ilan are all about the same with small changes so if you have ilan1.8 that matches QMC magic numbers than he's using that version.
Mar 23, 2015 at 05:02
RedRhinoLab posted:NikX posted:smahil posted:
Thanks allot for your input i am definitely scaling down to the smallest point i can and test it on a 100 usd witch is 10,000 yen and using 0.01 lot scaling and see how it goes. But thanks once again, it good see people like you helping out its hard to trust all theses vendors.
have seen so many!! have been a victim myself.. hopefully we will all know exactly what this EA is soon.. someone always recognizes an ea
Send me ilan 1.8 if you like and I'll check it out.
ilan1.6 dynamic was as easy as drag and drop to get same trading as QMC. Ilan1.6dynamic matched when using on M15 using all standard setting. I wasn't shocked at all after QMC denied using the https://www.forexpeacearmy.com/public/review/www.TarenForexEA.com system. - QMC denies using ilan, but its obvious when trading history goes private the next day. Ilan are all about the same with small changes so if you have ilan1.8 that matches QMC magic numbers than he's using that version.
Yes i have it running here https://www.myfxbook.com/members/NikX/ilan-reborn-qmc/1195146 i have slightly optomised it, but it is safer than 1.6 (backtests from 2011) where 1.6 doesnt..
I loved the part where he things ilan is using QMC.. Honestly folks if an EA developer doesnt know about Ilan, they are not a developer. As RedRhino has said, it all started with Ilan!
Member Since Dec 29, 2014
243 posts
Mar 23, 2015 at 09:55
OrtwinRich posted:Siblank posted:
Hello Ortwin
Accountnumber on my blownup-account.
Roboforex 2709875
Thank you for your account number!
We checked your account and found out that you run into the bonus trap!
When your drawdown gets to big and your deposit is almost lost, the broker has the right to cancel your bonus.
Immediatly your account runs out of money and all trades are stopped out.
Sorry for the bad news.
Yours sincerely
Ortwin
I help others whereever I can.
Member Since Dec 29, 2014
243 posts
Mar 23, 2015 at 10:06
smahil posted:
Can anybody please help.
My account is 80,000 Yen what would my lot Scaling be set to?
Do i leave all other settings to default?
Please respond thanks
Regard’s
Surjit Mahil
Dear Surjit!
Sorry, for the late reply! Our Team was in Disneyland Paris this weekend to celebrate our last week:
Braking the 600% profit line AND the 4000 trades barrier!
We send you already the LotScaling. But you could have calculated yourself. Just follow our instructions step-by-step.
Yours sincerely
Ortwin
I help others whereever I can.
Mar 23, 2015 at 15:01
I am using this robot for 2 weeks now.
First I blew my account due to my own mistake !
I did not read the instructions and leave lotscaling at 1.0 in stead of changing it in 0.2...
After that the robots is working very well, some days were even better than Ortwin's 😁
Since last friday I start with a new 'clean' account and put some more money
https://www.myfxbook.com/members/ElPulga10/el-pulga/1194631
Service is 5+ stars !
Ortiwn and his team: Thank you very much
Keep up the good work
First I blew my account due to my own mistake !
I did not read the instructions and leave lotscaling at 1.0 in stead of changing it in 0.2...
After that the robots is working very well, some days were even better than Ortwin's 😁
Since last friday I start with a new 'clean' account and put some more money
https://www.myfxbook.com/members/ElPulga10/el-pulga/1194631
Service is 5+ stars !
Ortiwn and his team: Thank you very much
Keep up the good work
